The Managing Director of Volkswagen for Sub-Saharan Africa, Thomas Schäfer has described the company’s plan to produce 5,000 cars in Ghana as a leap of faith.
VW last year signed a Memorandum of Understanding (MoU) with the government of Ghana to begin the process of establishing an assembling plant in the country to serve the West African sub-regional market.
The company is expected to begin assembling its Tiguan, Teramont, and Passat models by the end of this year at a plant in Ghana that will initially have the capacity to produce 5,000 cars per year.
But in an exclusive interview with Citi Business News on its production target, Mr. Schäfer said he was optimistic about VW’s success in the country.
“At the moment, we are doing, for example in South Africa 162,000 and 100,000 engines. We would want to start by the end of this year and we would start with the capacity of 5,000 vehicles to see how it goes. Doing a capacity of 5,000 cars is a leap of faith. It could be coming between two to three years; it could be coming with one year,” the MD said.
Citibusiness
